BASF's Solid Results Dimmed by U.S. Grant Exception, Auto Weakness -- Market Talk

Dow Jones
2025/10/29

0838 GMT - BASF's third-quarter adjusted earnings beat expectations, but the effect of a U.S. government grant and weakness in its auto operations will be in focus, Morgan Stanley analysts Thomas Wrigglesworth and Lisa De Neve write. The German chemical group's earnings before interest, taxes, depreciation and amortization beat consensus by 2.9%, but it was driven by surface technologies growth that benefited from a U.S. government grant, the analysts say. The boost from that grant will cause some to doubt the quality of the result, the analysts say. Demand for autos continues to disappoint and car sales will be in focus going forward, the analysts write. Shares rise 2.8% to 44.21 euros. (william.gray@wsj.com)

 

(END) Dow Jones Newswires

October 29, 2025 04:38 ET (08:38 GMT)

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